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Unmanned ship: a dream or reality?

Here is my personal take on the issue. The feasibility оf unmanned, autonomous mеrсhаnt vеѕѕеl hаѕ bееn аn iѕѕuе of discussion аnd grеаt соnсеrn. Cоmbinеd with the ԛuеѕtiоn “hоw close are we in achieving it with present tесhnоlоgiеѕ” mаkеѕ it lооk mоrе likе a раrаdоx. It hаѕ bееn ѕubѕtаntiаtеd that Autonomous Shiр Cоntrоllеr аnd engine ѕуѕtеm is not a hуроthеѕiѕ but a rеаlitу. Thеrе iѕ a move to rерlасе human elements used fоr inspection, dаmаgе аѕѕеѕѕmеnt, рrоtесtiоn, ѕurvеillаnсе, oceanography, underwater geology, ѕunkеn ѕhiр trеаѕurеѕ, еnеrgу infrastructure inѕtаllаtiоn, аnd militаrу needs ...

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Joint Industry Publication sets out Guidelines for the Carriage of Charcoal in Containers

New Guidelines for the carriage of Charcoal and Carbon in containers have been published jointly by CINS (the Cargo Incident Notification System) and the International Group of P&I Clubs. Charcoal/Carbon is a black residue, consisting of Carbon and any remaining ash obtained by removing water and other volatile constituents from animal and vegetation substances. Charcoal/Carbon is considered to be a self-heating substance – that is to say, it is a substance which, in contact with air and without energy supply, is liable to self-heating. A self-heating reaction may result in ...

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LNG vessel: Samsung Heavy Ind frustrated with India’s policy drift

South Korea’s Samsung Heavy Industries Co Ltd, one of the world’s top three shipbuilders, is keen to help India build liquefied natural gas (LNG) carriers, but is put off by the Central government’s slackness on firming up a plan. Deal with Cochin Shipyard Time is also running out for the Shipping Ministry and State-owned Cochin Shipyard Ltd, in particular, as the hard-won technology collaboration pact signed between Samsung and Cochin Shipyard ends in December. The pact was signed in 2015. In fact, Cochin Shipyard went public in August this year ...

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ESPO Award 2017 Shortlisted projects: CCI Metropolitan West Brittany, Port of Brest

The ESPO Award 2017 will be presented to the port authority that succeeds best in the societal integration of the port with the city or wider community in which it is located, through involvement in art or culture. The five projects that are shortlisted for this year’s Award are the projects of Antwerp, Brest, Guadeloupe, Oslo and Venice. ESPO is proud to present the shortlisted projects before the winner is announced during the official Award Ceremony at La Tentation in Brussels on 8 November 2017. CCI Metropolitan West Brittany, operator ...

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Number of cargo ships arriving in Qatar rises by 47%

The number of cargo vessels arriving at Hamad Port in Doha rose by 47.3 per cent in August, Qatar News Agency has reported. According to the Ministry of Development Planning and Statistics, the figure was 162 vessels carrying around 1.3 million tons of goods. The ministry’s monthly report showed that in the same period the total number of vessels in all of Qatar’s ports was just over 600, carrying about 3.9 million tons. The Director of Hamad Port, Abdul Aziz Al-Yafei, announced last month that the port authority plans to ...

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Throughput of Russian seaports in 9M’17 grew by 9% to 580.2 mln t

In January-September 2017, seaports of Russia handled 580.2 mln t of cargo (up 9%, year-on-year), says press center of the Association of Commercial Sea Ports. Transshipment of dry cargo totaled 272.0 mln t (+9.3%) including 115.6 mln t of coal (+13.4%), 35.4 mln t of containerized cargo (+13.0%), 31.1 mln t of grain (+26.9%), 20.8 mln t of ferrous metal (-3.3%), 2.2 mln t of refrigerated cargo (- 1.8%). Transshipment of liquid bulk cargo grew to 308.2 mln t (+8.8%) including 188.6 mln t of crude oil (+13.7%), 105.8 mln ...

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Japan’s Q4 aluminium premium slides up to 21 pct from Q3 – sources

Japanese aluminium buyers will pay up to 21 percent less in import premiums in the October-December quarter to reflect a slide in spot premiums, five people directly involved in quarterly pricing talks said. Aluminium premium was set at $94 to $95 per tonne for metal to be shipped in the fourth quarter, down 19.5 percent to 21.0 percent from $118 to $119 per tonne in the previous quarter, the sources said. Japan is Asia’s biggest importer of aluminium and the premium over the London Metal Exchange (LME) cash price that ...

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China’s Frenzied Commodities Boom Is Over, For Now

Investors should prepare for another downward trend in Chinese financial markets. China’s five-quarter long commodities boom is now declining, according to China Beige Book International. This is owed to more regulations to crack down on speculation particularly in steel and nonferrous metals as well as lower levels of demand, and less, it seems, to reductions in overcapacity. China has faced heady turnover in commodities futures contracts, but this trend is now reversing itself. The volume of commodities futures trading in China declined by about 30% in the first nine months ...

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Cheap oil is here to stay, although new Iran sanctions pose risk: FGE

Oil prices will remain relatively low in the next year or two as supplies remain ample despite ongoing cuts by OPEC, although potential new sanctions by the United States against Iran pose upside risk to the market, the president of consultancy Facts Global Energy (FGE) said. Starting this year, the Organization of the Petroleum Exporting Countries (OPEC) and other producers including Russia have agreed to cut output by 1.8 million barrels per day (bpd) in order to prop up prices. While this was resulting in a gradually tighter market compared ...

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Higher Oil Prices Are Likely in Early 2018

Oil prices will be lower for longer—that is the conventional wisdom. Data suggests, however, that oil supplies are tightening and that higher prices are likely in the relatively near-future. Refined Product Demand and Crude Oil Exports U.S. crude oil plus products comparative inventories have fallen 120 mmb (million barrels) in 26 of the last 32 weeks. Strong domestic demand for refined products and increased crude oil exports are the main reasons. That translates into lower net imports of both crude oil and petroleum products to the United States. The year-to-date ...

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Glencore says global demand robust enough to soak up U.S. oil

U.S. oil exports are pouring into the market at a record pace, but the world’s second largest crude trader Glencore believes demand will be strong enough to absorb the volumes along with those from competitors in the North Sea and West Africa, thanks in part to China. U.S. oil exports hit an all-time high near 2 million barrels per day (bpd) last month, equal to the daily output of the entire North Sea, joining the fight for market share from Poland to India, but Glencore’s head of oil trading Alex ...

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Crude storage costs fall as WTI curve flattens: In the LOOP

The price of front-month sour crude oil storage at the Louisiana Offshore Oil Port fell 5 cents/b month on month even as imports to the US Gulf Coast increased over the same period to pre-Harvey levels. Matrix Markets hosts, on behalf of LOOP, a monthly auction in which the oil terminal sells the right but not the obligation to store a crude blend called LOOP Sour in one of its eight underground caverns. Each capacity allocation contract, or CAC, allows the owner to store 1,000 barrels of LOOP Sour during ...

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China independent oil refiners set up $5 bln joint venture -executive

A group of six Chinese independent oil refiners set up a 33 billion yuan ($5 billion) joint venture to compete with state-owned giants and the rise of private chemical giants, a senior executive at one of the partners said. The new alliance, called Shandong Refining & Chemical Group, gathers six independent oil processors and a provincial government-backed fund as investors, and was registered in late September, said Zhang Liucheng, a vice president of Shandong Dongming Petrochemical Group . Dongming, China’s largest independent refiner, is the venture’s biggest stakeholder with 22.63 ...

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Saudi oil policy seen through the prism of Aramco’s IPO

It is tempting to look at virtually every news announcement in the Saudi Arabian energy sector through the prism of the planned flotation of Saudi Aramco, arguably the biggest event in the Kingdom’s oil industry since the discovery of commercial reserves in the 1930s. This week brought two further reminders of how the initial public offering (IPO) is determining policy not only for Aramco itself, but also for the Saudi energy sector as a whole: A government decision to reduce oil exports, and a big new refinery in India. Aramco ...

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EIA raises U.S. oil production growth forecast for 2018

The U.S. Energy Information Administration said on Wednesday it expects U.S. crude oil production in 2018 to rise by more than previously expected. The agency forecast that 2018 crude oil output will rise by 680,000 barrels per day (bpd) to 9.92 million bpd. Last month, it expected a 590,000 bpd year-over-year increase to 9.84 million bpd. For 2017, it forecast a rise of 380,000 bpd to 9.24 million bpd. Last month, it expected a 400,000 bpd increase to 9.25 million bpd, according to the EIA’s monthly short-term energy outlook. Meanwhile, ...

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